Transportation Secretary Anthony Foxx announced on the DOT’s Fast Lane blog[3] that the president plans to send a draft of the legislation to lawmakers, though no specific timetable has been presented.

“Soon, the Obama Administration will do exactly what the President promised in St. Paul, Minnesota, earlier this year: present Congress with a surface transportation reauthorization proposal,” Foxx wrote.

“This bill will support millions of American jobs repairing and modernizing our roads, bridges, railways, and transit systems,” he continued. “And it will pave the way forward by increasing access to the ladders of opportunity that help Americans get ahead.”

Foxx previously noted that he thinks President Obama’s proposal could solve transportation funding problems, including the nearly-insolvent Highway Trust Fund (HTF), which could run out of money by the end of August[4]. The DOT chief has pointed out that an insolvent HTF would delay or halt projects in every state, costing hundreds of jobs.